LASE vs. CONL
LASE (Laser Photonics Corporation) is a stock, while CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, LASE returned -2.24%/yr vs -14.88%/yr for CONL. At a 0.17 correlation, their price movements are largely independent.
Performance
LASE vs. CONL - Performance Comparison
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Returns By Period
In the year-to-date period, LASE achieves a 26.72% return, which is significantly higher than CONL's -62.12% return.
LASE
- 1D
- 29.34%
- 1M
- 335.69%
- YTD
- 26.72%
- 6M
- 3.64%
- 1Y
- 32.63%
- 3Y*
- -2.24%
- 5Y*
- —
- 10Y*
- —
CONL
- 1D
- -12.32%
- 1M
- -38.47%
- YTD
- -62.12%
- 6M
- -75.31%
- 1Y
- -79.34%
- 3Y*
- -14.88%
- 5Y*
- —
- 10Y*
- —
LASE vs. CONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LASE Laser Photonics Corporation | 26.72% | -57.27% | 389.83% | -42.16% | -20.93% |
CONL GraniteShares 2x Long COIN Daily ETF | -62.12% | -58.49% | 4.23% | 641.63% | -63.49% |
Correlation
The correlation between LASE and CONL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2022 | 0.17 |
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Return for Risk
LASE vs. CONL — Risk / Return Rank
LASE
CONL
LASE vs. CONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Laser Photonics Corporation (LASE) and GraniteShares 2x Long COIN Daily ETF (CONL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| LASE | CONL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.93 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | -0.86 | +1.22 |
| Martin ratioReturn relative to average drawdown | 0.53 | -1.21 | +1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LASE | CONL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -0.57 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.20 | +0.23 |
Drawdowns
LASE vs. CONL - Drawdown Comparison
The maximum LASE drawdown since its inception was -96.80%, roughly equal to the maximum CONL drawdown of -93.95%. Use the drawdown chart below to compare losses from any high point for LASE and CONL.
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Drawdown Indicators
| LASE | CONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.80% | -93.95% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -90.76% | -92.02% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -96.80% | -93.95% | -2.85% |
Current DrawdownCurrent decline from peak | -83.35% | -93.48% | +10.13% |
Average DrawdownAverage peak-to-trough decline | -70.16% | -55.95% | -14.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.35% | 65.74% | -4.39% |
Volatility
LASE vs. CONL - Volatility Comparison
Laser Photonics Corporation (LASE) has a higher volatility of 100.29% compared to GraniteShares 2x Long COIN Daily ETF (CONL) at 38.02%. This indicates that LASE's price experiences larger fluctuations and is considered to be riskier than CONL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LASE | CONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 100.29% | 38.02% | +62.27% |
Volatility (6M)Calculated over the trailing 6-month period | 142.09% | 101.03% | +41.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 230.98% | 139.40% | +91.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 184.60% | 149.93% | +34.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 184.60% | 149.93% | +34.67% |
Dividends
LASE vs. CONL - Dividend Comparison
Neither LASE nor CONL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
LASE Laser Photonics Corporation | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LASE and CONL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LASE has higher volatility (100.29%) compared to CONL (38.02%). In terms of maximum drawdown, LASE dropped -96.80% vs CONL's -93.95%.
LASE currently has the higher Sharpe Ratio (0.14 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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